A Social Media Rumor Sparked A Market Turnaround. Now Stocks Are Retreating.

A Social Media Rumor Sparked A Market Turnaround. Now Stocks Are Retreating.

The banal marketplace concisely spiked aft an X relationship that shares fiscal quality headlines claimed that White House National Economic Council Director Kevin Hassett said President Donald Trump was considering a 90-day intermission connected tariffs, speech from China.

A elder medication authoritative described the 90-day intermission rumor arsenic "fake news."

The header whitethorn beryllium a misunderstanding of an reply Hassett gave successful a erstwhile interrogation wherever helium was asked if helium would see a 90-day pause. Hassett did not accidental the president was considering a 90-day pause, but alternatively downplayed immoderate of the concerns astir the scope of the tariffs and said "the president is going to determine what the president is going to decide."